Atria Investments Inc Increases Holdings in Cisco Systems, Inc. (NASDAQ:CSCO)

Atria Investments Inc boosted its holdings in shares of Cisco Systems, Inc. (NASDAQ:CSCO - Free Report) by 3.4% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 321,929 shares of the network equipment provider's stock after purchasing an additional 10,482 shares during the quarter. Atria Investments Inc's holdings in Cisco Systems were worth $19,866,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Brighton Jones LLC increased its position in shares of Cisco Systems by 49.5% during the 4th quarter. Brighton Jones LLC now owns 74,187 shares of the network equipment provider's stock valued at $4,392,000 after purchasing an additional 24,562 shares during the last quarter. Revolve Wealth Partners LLC increased its position in shares of Cisco Systems by 37.0% during the 4th quarter. Revolve Wealth Partners LLC now owns 9,156 shares of the network equipment provider's stock valued at $542,000 after purchasing an additional 2,474 shares during the last quarter. Segall Bryant & Hamill LLC bought a new position in shares of Cisco Systems during the 4th quarter valued at approximately $650,000. Modern Wealth Management LLC increased its position in shares of Cisco Systems by 80.3% during the 4th quarter. Modern Wealth Management LLC now owns 64,401 shares of the network equipment provider's stock valued at $4,045,000 after purchasing an additional 28,675 shares during the last quarter. Finally, TD Asset Management Inc. increased its position in shares of Cisco Systems by 0.8% during the 4th quarter. TD Asset Management Inc. now owns 2,537,560 shares of the network equipment provider's stock valued at $150,224,000 after purchasing an additional 19,831 shares during the last quarter. Institutional investors own 73.33% of the company's stock.

Insiders Place Their Bets

In related news, EVP Deborah L. Stahlkopf sold 9,643 shares of the stock in a transaction that occurred on Friday, May 16th. The stock was sold at an average price of $63.50, for a total value of $612,330.50. Following the completion of the sale, the executive vice president owned 181,186 shares of the company's stock, valued at approximately $11,505,311. This trade represents a 5.05% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, insider Jeetendra I. Patel sold 9,961 shares of Cisco Systems stock in a transaction that occurred on Friday, May 16th. The stock was sold at an average price of $63.97, for a total value of $637,205.17. Following the transaction, the insider owned 257,162 shares in the company, valued at approximately $16,450,653.14. The trade was a 3.73% decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 97,335 shares of company stock valued at $6,271,054. 0.01% of the stock is owned by corporate insiders.

Analyst Ratings Changes

A number of equities analysts recently issued reports on the company. Barclays restated an "equal weight" rating on shares of Cisco Systems in a report on Wednesday, May 21st. Morgan Stanley upped their target price on Cisco Systems from $67.00 to $70.00 and gave the stock an "overweight" rating in a report on Friday, July 18th. Wells Fargo & Company upgraded Cisco Systems from an "equal weight" rating to an "overweight" rating and upped their target price for the stock from $72.00 to $75.00 in a report on Thursday, May 15th. Deutsche Bank Aktiengesellschaft raised shares of Cisco Systems from a "hold" rating to a "buy" rating and increased their price target for the company from $65.00 to $73.00 in a research report on Monday, June 16th. Finally, New Street Research reaffirmed a "neutral" rating and issued a $70.00 price objective on shares of Cisco Systems in a research report on Friday, May 16th. Seven equities research analysts have rated the stock with a hold rating, seventeen have issued a buy rating and two have assigned a strong buy rating to the stock. According to MarketBeat.com, Cisco Systems has an average rating of "Moderate Buy" and an average price target of $70.35.

Cisco Systems Price Performance

CSCO stock traded up $0.40 during mid-day trading on Friday, reaching $68.69. 11,589,031 shares of the company's stock were exchanged, compared to its average volume of 17,593,400. The company has a market cap of $272.01 billion, a price-to-earnings ratio of 28.04, a price-to-earnings-growth ratio of 4.09 and a beta of 0.90. The stock's 50 day moving average is $66.43 and its 200 day moving average is $62.41. The company has a debt-to-equity ratio of 0.50, a current ratio of 0.95 and a quick ratio of 0.87. Cisco Systems, Inc. has a 12-month low of $44.50 and a 12-month high of $69.78.

Cisco Systems (NASDAQ:CSCO - Get Free Report) last issued its quarterly earnings results on Wednesday, May 14th. The network equipment provider reported $0.96 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.92 by $0.04. The company had revenue of $14.15 billion for the quarter, compared to the consensus estimate of $14.05 billion. Cisco Systems had a return on equity of 26.48% and a net margin of 17.60%. Cisco Systems's revenue for the quarter was up 11.4% on a year-over-year basis. During the same quarter in the prior year, the business posted $0.88 earnings per share. On average, research analysts expect that Cisco Systems, Inc. will post 3.04 EPS for the current year.

Cisco Systems Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Wednesday, July 23rd. Stockholders of record on Thursday, July 3rd were given a $0.41 dividend. The ex-dividend date of this dividend was Thursday, July 3rd. This represents a $1.64 annualized dividend and a dividend yield of 2.39%. Cisco Systems's dividend payout ratio (DPR) is presently 66.94%.

Cisco Systems Company Profile

Cisco Systems, Inc designs, manufactures, and sells Internet Protocol based networking and other products related to the communications and information technology industry in the Americas, Europe, the Middle East, Africa, the Asia Pacific, Japan, and China. The company also offers switching portfolio encompasses campus switching as well as data center switching; enterprise routing portfolio interconnects public and private wireline and mobile networks, delivering highly secure, and reliable connectivity to campus, data center and branch networks; wireless products include wireless access points and controllers; and compute portfolio including the cisco unified computing system, hyperflex, and software management capabilities, which combine computing, networking, and storage infrastructure management and virtualization.